Welcome to our dedicated page for Lightbridge news (Ticker: LTBR), a resource for investors and traders seeking the latest updates and insights on Lightbridge stock.
Lightbridge Corporation (NASDAQ: LTBR), headquartered in Reston, Virginia, is a pioneering company in the field of nuclear fuel technology. Established in 1992 and formerly known as Thorium Power, Ltd. until its rebranding in 2009, Lightbridge is dedicated to the development and commercialization of advanced metallic nuclear fuels focused on enhancing the safety and efficiency of nuclear reactors.
The company's core business revolves around its Nuclear Fuel Technology segment, which aims to revolutionize the nuclear power industry. By developing next-generation nuclear fuel technology, Lightbridge seeks to increase the power output of commercial reactors while significantly reducing the cost of electricity generation. This innovative approach not only improves the economic feasibility of nuclear power but also addresses critical global challenges such as climate change and air pollution.
Recent achievements highlight Lightbridge's ongoing progress. The company continues to make strides in its research and development efforts, as well as its strategic partnerships and collaborations with major stakeholders in the nuclear energy sector. One key milestone includes the recent announcement of its financial results for the first quarter ended March 31, 2024, reflecting the company's strong fiscal management and commitment to advancing its technologies.
Lightbridge's metallic nuclear fuels are designed to enhance the safety and performance of both existing and new nuclear reactors. These fuels are engineered to withstand higher temperatures and radiation levels, thereby offering greater resistance and reliability. By improving the operational efficiency of nuclear power plants, Lightbridge's technology has the potential to make a significant impact on the global energy landscape.
The company's commitment to innovation is further exemplified by its active engagement in industry conferences and events. Lightbridge regularly hosts conference calls to provide updates on its progress and to foster transparent communication with investors, stakeholders, and the public. For example, recent calls include those held on February 29 at 10 a.m. ET and May 10 at 11 a.m. ET.
For further insights and updates on Lightbridge's developments, including photos and detailed announcements, visit this link, this link, and this link.
In summary, Lightbridge Corporation stands at the forefront of nuclear fuel technology, driving advancements that promise to reshape the energy sector. With a focus on safety, efficiency, and sustainability, Lightbridge is poised to make a lasting impact on the future of nuclear power.
Lightbridge Corporation (NASDAQ: LTBR) announced that President and CEO Seth Grae will participate in a panel discussion at COP27, the 27th Conference of the Parties to the UN Framework Convention on Climate Change, on November 15, 2022. This panel, titled “Achieving Energy Security While Meeting Climate Goals,” will take place at the Nature Zone Pavilion in Sharm El-Sheikh, Egypt, and will be moderated by Dr. Sweta Chakraborty, a member of Lightbridge's Board of Directors. This event underscores Lightbridge’s commitment to advancing nuclear technologies for carbon-free energy.
Lightbridge Corporation (Nasdaq: LTBR) reported its financial results for Q3 2022, showing a net loss of $2.0 million compared to a loss of $1.9 million in Q3 2021. The company maintained a strong working capital position of $30.4 million and increased cash and cash equivalents to $31.3 million from $24.7 million at the end of 2021. Progress was noted in its fuel development program, particularly with the Pacific Northwest National Laboratory, and negotiations are in progress with the Idaho National Laboratory to support Lightbridge Fuel development. The CEO emphasized the growing importance of nuclear energy for global energy security.
Lightbridge Corporation (NASDAQ: LTBR) announced that President and CEO Seth Grae will participate in key industry and investor events, enhancing the company's visibility in the nuclear energy sector. Highlights include interviews on NBC News NOW and Yahoo Finance Live, and participation in the IAEA International Ministerial Conference on Nuclear Power. Additionally, Grae will present at the Dominion Energy Innovation Center, focusing on Lightbridge's advanced nuclear fuel technology. The company is developing Lightbridge Fuel™, aimed at improving safety and efficiency in nuclear reactors.
Lightbridge Corporation (NASDAQ: LTBR) will announce its third-quarter financial results on October 27, 2022, following market close. A live webcast to discuss these results will occur on October 31, 2022, at 4 PM ET. The company is known for its innovative nuclear fuel technology, specifically Lightbridge Fuel™, aimed at enhancing safety and efficiency in nuclear applications. Notably, Lightbridge has received recognition and support from the U.S. Department of Energy. The company is included in the Russell Microcap® Index, bolstering its market credibility.
Lightbridge Corporation (Nasdaq: LTBR) reminds shareholders to vote their proxies for the upcoming annual meeting on October 27, 2022. The Board recommends voting in favor of all proposals. President and CEO Seth Grae acknowledged strong support but noted that participation is slightly below the threshold for a majority vote due to changes in broker practices on proxy voting. He urged all shareholders to vote, emphasizing the unanimous backing from leading advisory firms for the proposed amendment to the Company’s Articles of Incorporation.
Lightbridge Corporation (NASDAQ: LTBR) announced that CEO Seth Grae is scheduled for an interview on GB News’ “GB Newsday Live” on October 5, 2022, where he will discuss the importance of nuclear energy in addressing the global energy crisis. Grae's recent interviews on platforms like BNN Bloomberg and BBC World News indicate ongoing efforts to promote Lightbridge Fuel™, a next-generation nuclear fuel technology. The company aims to enhance safety and economics in nuclear energy while combating climate change.
Lightbridge Corporation (LTBR) announced that Seth Grae, President and CEO, will be interviewed on Bloomberg TV today at 11:20 am ET. The discussion will focus on the energy crisis in Europe and the role of nuclear fuel, specifically Lightbridge Fuel™, in addressing these challenges. Grae has made several recent media appearances discussing the situation in Ukraine and advancements in the nuclear industry. Lightbridge is developing proprietary nuclear fuel technology aimed at enhancing reactor safety and efficiency, supported by a patent portfolio and recognition from the U.S. Department of Energy.
Lightbridge Corporation (Nasdaq: LTBR) announced that Dr. Aaron Totemeier, Vice President of Fuel Cycle Technology, will participate as a panelist at a virtual event hosted by the Virginia Renewable Energy Alliance on September 15 at 1 PM ET. The discussion will center on the role of nuclear energy in Virginia's energy transition. Other panelists include representatives from Dominion Energy, NuScale Power, and the Clean Air Task Force. Lightbridge is developing innovative nuclear fuel technology aimed at enhancing safety and sustainability in energy applications.
Lightbridge Corporation (NASDAQ: LTBR) has announced the upcoming virtual Annual Meeting of Stockholders on October 27, 2022, emphasizing the importance of voting on a crucial proposal to amend the Company’s Articles of Incorporation. Stockholders are encouraged to participate in the voting process by various methods, including phone and online options, with a deadline set for October 26, 2022. CEO Seth Grae highlighted the growing significance of nuclear energy in the context of climate goals and energy security, asserting that Lightbridge is making significant progress with its proprietary Lightbridge Fuel™ technology.
Lightbridge Corporation (Nasdaq: LTBR) announced the granting of a divisional patent by the Korean Patent Office for a new CANDU fuel assembly design. This patent, based on a 2015 PCT application, enhances Lightbridge's global patent protection for its metallic fuel technology. CEO Seth Grae highlighted Korea's market potential, with 25 operational and 5 planned pressurized water reactors by 2025. Lightbridge is focused on developing advanced nuclear fuel technology aimed at carbon-free energy solutions, supported by a robust patent portfolio.
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